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Home News News and Press Release Month 1 2016 2016 (1) This

Issue of IT Refunds of Smaller Amounts

15-1-2016
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In an initiative to reduce taxpayer grievances and enhance the taxpayer satisfaction, the Central Board of Direct Taxes had issued instructions to Central Processing Center (CPC), Bengaluru and the field officers in December, 2015 to issue refunds of amounts less than ₹ 50,000/- expeditiously.

As a result of the special drive to issue smaller refunds, 18,28,627 refunds below ₹ 50,000/- involving a sum of ₹ 1,793 crore have been issued between 1st December, 2015 and 10th January, 2016. These refunds relate to Assessment years 2013-14 to 2015-16.

In order to further expedite the process of issue of small refunds, CBDT has also directed CPC-Bengaluru and the field units that refunds up to ₹ 5,000/-, and refunds in cases where outstanding arrears are up to ₹ 5,000/- may be issued without any adjustment of outstanding arrears. Office Memorandum F. No. 312/109/2015-OT dated 14th January 2016, conveying these directions of CBDT is available on the website of the Department www.incometaxindia.gov.in.

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